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NNN Jiffy Lube – Acquisition

COLORADO SPRINGS, CO

$1,650,000

COLORADO SPRINGS, CO

 

Funding Purpose

  • Assist Sponsors in expanding their Real Estate portfolio outside of Multifamily assets by acquiring first Retail property.

Property Description

  • Single Tenant NNN Jiffy Lube Located in Western US

Challenges

  • Sponsor's First NNN Purchase
  • Tenant is a Franchisee
  • Sponsors live in different state than subject property.

Funding

  • Loan Amount (LTV): 65%
  • Interest Rate: 3.99%
  • Amortization: 30 Y
  • Term: 7 + 3 
  • Prepayment: Allowed


Matt Ingle

Matt Ingle

TITLE

Associate Director, Capital Advisor

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